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Large language models (LLMs) are widely used as scalable evaluators of model responses in lieu of human annotators. However, imperfect sensitivity and specificity of the LLM judges induce bias in naive evaluation scores. We propose a simple…

Machine Learning · Computer Science 2026-02-10 Chungpa Lee , Thomas Zeng , Jongwon Jeong , Jy-yong Sohn , Kangwook Lee

As LLM-as-a-Judge emerges as a new paradigm for assessing large language models (LLMs), concerns have been raised regarding the alignment, bias, and stability of LLM evaluators. While substantial work has focused on alignment and bias,…

Computation and Language · Computer Science 2025-03-04 Qiujie Xie , Qingqiu Li , Zhuohao Yu , Yuejie Zhang , Yue Zhang , Linyi Yang

Large language models (LLMs) have recently shown great advances in a variety of tasks, including natural language understanding and generation. However, their use in high-stakes decision-making scenarios is still limited due to the…

Computation and Language · Computer Science 2023-11-14 Jiefeng Chen , Jinsung Yoon , Sayna Ebrahimi , Sercan O Arik , Tomas Pfister , Somesh Jha

As natural language becomes the default interface for human-AI interaction, there is a need for LMs to appropriately communicate uncertainties in downstream applications. In this work, we investigate how LMs incorporate confidence in…

Computation and Language · Computer Science 2024-07-11 Kaitlyn Zhou , Jena D. Hwang , Xiang Ren , Maarten Sap

State of the art large language models (LLMs) have shown impressive performance on a variety of benchmark tasks and are increasingly used as components in larger applications, where LLM-based predictions serve as proxies for human…

Computation and Language · Computer Science 2024-06-14 Michael Franke , Polina Tsvilodub , Fausto Carcassi

Large Language Models (LLMs) have demonstrated remarkable self-improvement capabilities, whereby models iteratively revise their outputs through self-generated feedback. While this reflective mechanism has shown promise in enhancing task…

Computation and Language · Computer Science 2025-04-07 Liangjie Huang , Dawei Li , Huan Liu , Lu Cheng

With the increasing impacts of climate change, there is a growing demand for accessible tools that can provide reliable future climate information to support planning, finance, and other decision-making applications. Large language models…

Machine Learning · Computer Science 2024-11-22 Yang Wang , Hassan A. Karimi

Large Language Models (LLMs) have recently shown exceptional potential in time series forecasting, leveraging their inherent sequential reasoning capabilities to model complex temporal dynamics. However, existing approaches typically employ…

Machine Learning · Computer Science 2026-02-16 Xingyu Zhang , Hanyun Du , Zeen Song , Jianqi Zhang , Changwen Zheng , Wenwen Qiang

While Large Language Models (LLMs) are fundamentally next-token prediction systems, their practical applications extend far beyond this basic function. From natural language processing and text generation to conversational assistants and…

Computation and Language · Computer Science 2025-03-10 Vishakha Agrawal , Archie Chaudhury , Shreya Agrawal

This paper presents a comparative analysis evaluating the accuracy of Large Language Models (LLMs) against traditional macro time series forecasting approaches. In recent times, LLMs have surged in popularity for forecasting due to their…

Econometrics · Economics 2025-09-25 Andrea Carriero , Davide Pettenuzzo , Shubhranshu Shekhar

Uncertainty estimation is a significant issue for current large language models (LLMs) that are generally poorly calibrated and over-confident, especially with reinforcement learning from human feedback (RLHF). Unlike humans, whose…

Computation and Language · Computer Science 2024-05-13 Ruixin Yang , Dheeraj Rajagopal , Shirley Anugrah Hayati , Bin Hu , Dongyeop Kang

There is a growing literature on reasoning by large language models (LLMs), but the discussion on the uncertainty in their responses is still lacking. Our aim is to assess the extent of confidence that LLMs have in their answers and how it…

Computation and Language · Computer Science 2024-12-23 Yudi Pawitan , Chris Holmes

Modern time-series forecasting models often fail to make full use of rich unstructured information about the time series themselves. This lack of proper conditioning can lead to obvious model failures; for example, models may be unaware of…

Large language models (LLMs) cannot be trusted for economic forecasts during periods covered by their training data. Counterfactual forecasting ability is non-identified when the model has seen the realized values: any observed output is…

General Finance · Quantitative Finance 2025-12-16 Alejandro Lopez-Lira , Yuehua Tang , Mingyin Zhu

To leverage the full potential of Large Language Models (LLMs) it is crucial to have some information on their answers' uncertainty. This means that the model has to be able to quantify how certain it is in the correctness of a given…

Computer Vision and Pattern Recognition · Computer Science 2025-04-07 Mirko Borszukovszki , Ivo Pascal de Jong , Matias Valdenegro-Toro

Large Language Models (LLMs) store an extensive amount of factual knowledge obtained from vast collections of text. To effectively utilize these models for downstream tasks, it is crucial to have reliable methods for measuring their…

Computation and Language · Computer Science 2023-06-13 Pouya Pezeshkpour

Large language models (LLMs) exhibit strikingly conflicting behaviors: they can appear steadfastly overconfident in their initial answers whilst at the same time being prone to excessive doubt when challenged. To investigate this apparent…

Despite the dramatic progress in Large Language Model (LLM) development, LLMs often provide seemingly plausible but not factual information, often referred to as hallucinations. Retrieval-augmented LLMs provide a non-parametric approach to…

Computation and Language · Computer Science 2023-11-09 Sai Munikoti , Anurag Acharya , Sridevi Wagle , Sameera Horawalavithana

Large Language Models deployed as question answering tools require robust calibration to avoid overconfidence. We systematically evaluate how reasoning capabilities and budget affect confidence assessment accuracy, using the ClimateX…

Artificial Intelligence · Computer Science 2025-08-22 Romain Lacombe , Kerrie Wu , Eddie Dilworth

Artificial intelligence is reshaping labor markets, yet we lack tools to systematically forecast its effects on employment. This paper introduces a benchmark for evaluating how well large language models (LLMs) can anticipate changes in job…

Computation and Language · Computer Science 2025-10-28 Sheri Osborn , Rohit Valecha , H. Raghav Rao , Dan Sass , Anthony Rios